Bouwinvest injects EUR100m into rental housing, healthcare and logistics properties in the Nordics
Bouwinvest Real Estate Investors has committed EUR100 million to a strategy that targets various sectors, including affordable rental housing for middle-income families, care homes and logistics in the Nordics on behalf of its European Mandate.
The local partner is Nordics-based real estate manager NREP. The Copenhagen-based company predominantly targets projects in leading urban centres in the region, such as Copenhagen, Stockholm, Helsinki, Oslo and Gothenburg.
The acquisition exemplifies Bouwinvest’s strategy of investing in real estate sectors which stand to benefit from long-term demographic developments and consumer megatrends. The Nordics suffer from a shortage of affordable rental housing for middle-income earners. Aging populations are driving demand for healthcare faclities in the region, while the logistics sector is benefiting from the growth in e-commerce.
Robert Koot, Director European Investments at Bouwinvest, says: “We aim to grow our assets under management in Europe for our client bpfBOUW to EUR1.8 billion by the end of 2023 and will focus our efforts on creating value in both financial and social terms – what we at Bouwinvest call real value for life. Underpinned by long-term trends, our investments generate stable returns for our investors, while also benefiting society as a whole.”
“NREP is an excellent partner for us in this region and the strong underlying market fundamentals of the sectors we are targeting will help us realise our goal of generating a solid and attractive dividend for our client,” adds Jasper Petit, Senior Portfolio Manager at Bouwinvest.
“We are very pleased and honoured to welcome Bouwinvest as an investor in NREP Income+. It is a pleasure to work with an investor who also has high standards, a strong focus on their sustainability agenda as well as a long-term alignment with our own company in terms of their goal to improve the built environment to the benefit of customers, communities and cities,” says Didde Kristensen, Head of Investor Relations at NREP.